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Condensed Consolidated Statements of Cash Flows
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Cash Provided by (Used in) Operating Activities      
Net earnings $ 891 $ 2,850 $ 3,571
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization   109 128
Deferred income tax provision (benefit)   20 64
(Income) losses from equity investments 1,263 1,229 (126)
Dividends from ABI   104 119
(Gain) loss on Cronos-related financial instruments 4 14 (7)
Loss on early extinguishment of debt 0 0 649
Cash effects of changes:      
Receivables   4 5
Inventories   50 172
Accounts payable   (47) (113)
Income taxes   6 (171)
Accrued liabilities and other current assets   (177) 3
Accrued settlement charges   (1,600) (1,584)
Pension plan contributions   (8) (6)
Pension provisions and postretirement, net   (74) (73)
Other, net   81 48
Net cash provided by (used in) operating activities   2,561 2,679
Cash Provided by (Used in) Investing Activities      
Capital expenditures   (83) (53)
Other, net   (67) 44
Net cash provided by (used in) investing activities   (150) (9)
Cash Provided by (Used in) Financing Activities      
Long-term debt issued   0 5,472
Long-term debt repaid   0 (6,542)
Repurchases of common stock   (1,083) (650)
Dividends paid on common stock   (3,279) (3,196)
Premiums and fees related to early extinguishment of debt   0 (623)
Other, net   (11) (210)
Net cash provided by (used in) financing activities   (4,373) (5,749)
Cash, cash equivalents and restricted cash:      
Increase (decrease)   (1,962) (3,079)
Balance at beginning of period   4,594 5,006
Balance at end of period 2,632 2,632 1,927
Cash and cash equivalents 2,567 2,567  
Restricted cash included in other current assets 24 24  
Restricted cash included in other assets 41 41  
Cash, cash equivalents and restricted cash $ 2,632 $ 2,632 $ 1,927